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Market Update : 
Stocks Hold Morning Gains
Author: Albena Toncheva
123jump.com
Last Update: 12:32 AM ET July 11 2005


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Falling crude oil prices helped hold the gains Monday, as Hurricane Dennis failed to hit supplies from the Gulf of Mexico. A number of merger news bolstered stocks, sending a number of shares to new 52-week highs.

 
Industrial Production, which measures the physical output of the nation’s factories, mines and utilities is also expected Friday. Analysts look for 0.4% growth in the month of June. Industrial Production data for May rose 0.4%, higher than expectations of a 0.2% advance.

University of Michigan’s Consumer Sentiment index is to be released also Friday. Economists expect the index to be 94.6 for the month of July vs. 96 in June.
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